14. + 1/1 points Previous Answers AufExc4 11.3.017. My Notes Ask Your Teacher Use a calculator for this exercise. Arrowood's Camera Store advertises a Canon Power Shot 3.34-megapixel camera for $325, including taxes. If you finance the purchase of this camera for 1 year at an annual percentage rate of 4.4%, find the monthly payment. (Round your answer to the nearest cent.) Need Help? Read It Watch It Talk to a Tutor 22. -/1 points AufExc4 11.5.007. My Notes Ask Your Teacher The purchase price of a condominium is $121,500. A down payment of 21% is made. The bank charges $730 in fees plus points. Find the total of the down payment and the closing costs. (Round your answer to the nearest cent.) Need Help? Read It Watch It Talk to a Tutor 23. 0/1 points Previous Answers AufExc4 11.5.014. B My Notes Ask Your Teacher Richard Miyashiro purchased a condominium and obtained a 25-year loan of $197,000 at an annual interest rate of 8.45%. (Round your answers to the nearest cent.) (a) What is the mortgage payment? X (b) What is the total of the payments over the life of the loan? (c) Find the amount of interest paid on the mortgage loan over the 25 years. Need Help? Read It Talk to a Tutor Submit Answer Practice Another Version 24. + -/1 points AufExc4 11.5.017. B My Notes + Ask Your Teacher Marcel Thiessen purchased a home for $203,800 and obtained a 15-year, fixed-rate mortgage at 10% after paying a down payment of 10%. Of the first month's mortgage payment, how much is interest and how much is applied to the principal? (Round your answer to the nearest cent.) interest applied to the principal $ Need Help? Read It Talk to a Tutor 25. -/1 points AufExc4 11.5.019. My Notes Ask Your Teacher You purchase a cottage for $175,000. You obtain a 20-year, fixed rate mortgage loan at 11.5% after paying a down payment of 25% of the second month's mortgage payment, how much is interest and how much is applied to the principal? (Round your answers to the nearest cent.) interest applied to the principals Need Help? Watch It Talk to Tuter 27. 0/1 points Previous Answers AufExc4 11.5.028. My Notes + Ask Your Teacher Suppose you obtain a 25-year mortgage loan of $193,000 at an annual interest rate of 8.6%. The annual property tax bill is 5968 and the annual fire insurance premium is $496. Find the total monthly payment for the mortgage, property tax, and fire insurance. (Round your answer to the nearest cent.) Need Help? Read It Watch Talk to a Tuter Submit Answer Practice Another Varian
